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Frequently Asked Questions
Do you arrange owner financing for the homes you sell?
Yes, we sell many of our homes with owner financing or by creating Rent-to-Own situations. We also work closely with licensed mortgage brokers who work with many lenders to find the right loan for you.
Do I need to qualify to buy a home?
We are not extremely interested in your past credit status. Your ability to make reasonable monthly payments and to come up with a down payment to show your desire to become a homeowner is more important to us.
How can I buy a home when I have bad credit?
You can't through conventional lenders, buy you can with our help. We can setup owner financing or create Rent=to-Own situations to help improve your credit over time. Making on time monthly payments on the home that you intend to by can go a long way in getting a tenant/buyer "seasoned" for their own financing. Being able to save up a for a down payment through our "Down Payment Assistance Program" with as little as 5% can also make you more attractive to conventional lenders allowing you to get your financing faster.
How much down payment do I need?
We are flexible with your down payment. Usually for our rent to own it is a figure near 3% of the purchase price. But we can also help you get to the 5% figure with our "on time rent credit program" or our "down payment assistance program." Buyers can always move to our owner financing program at a later date when you have additional money for the larger required down payment.
What other methods of down payment are accepted?
Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment, you can use that with our programs. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. We also have been know to accept certain trades. We'll work with you!
I love the home, what is the next step?
All we need is your application and your application receipt agreement along with a deposit of $1000 and a $25 rent application fee for each adult for processing. We will contact you within 48 hours once we are able to verify your income and employment. Additional verification paperwork may also be required.
Your homes sell so fast....can you find me another one?
Yes we can. Because we offer a unique opportunity for people who normally might not qualify to become homeowners, our homes do go fast. The best thing you can do is to join our VIP Buyers List. Tell us what, where and how much, and we can contact you immediately when something that meets your criteria comes available. Click on the following link to join. VIP BUYERS LIST
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